Genasys Inc. (GNSS), previously known as LRAD Corporation (LRAD ticker), proceeds to give long-term holders optimistic signals. The shares of the company have risen in price by 105 percent over the past year. The key products of the business are selling well, and demand will rise in the near future for them.
Loudspeakers for alarm and information systems are the major types of Genasys products, as well as sound weapons that exert painful sound pressure and are used in the army and police.
Genasys occasionally delivers bright news and gets into the glare of analysts, as it did in 2020, when the COVID-19 issue caught the public’s interest. Genasys, however, began to enter into new contracts, rapidly recovered shares from spring revenue losses and continued to expand. Around the same time, the pandemic and widespread protests have given the need for alarm devices and means to disperse demonstrators an additional lift.
The US military branches, including the military police, the National Guard and other units, are continuing their purchases. As described in the explanation of the recent procurement of LRAD 450XL systems for $5.1 million, they are purchasing the most powerful LRAD sound weapons “in case of a possible mass escalation.” Additional transactions can be made this year, which ensures that investors in Genasys should be assured that purchases can proceed.
Compact, low profile, engineered especially for mounting on tripods, automobiles, seagoing vessels and Common Remotely Operated Weapon Stations (CROWS), the LRAD 450XL incorporates Genasys’ proprietary XL driver technology to produce nearly twice the weight and size of the unit’s acoustic signal with the same high level of clarity and understandability integrated with the LRAD product line.
Genasys Inc. (GNSS) slipped a bit by 0.77 percent to $6.44 on Wednesday but was stable at +0.47% over the past week. The market capitalization of the firm now stands at $221 million.